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IG Markets3 min read
Broker Review
The company provides traders with access to the financial markets, allowing them to trade thousands of assets. These financial assets include stocks, forex, cryptocurrencies, CFDs, commodities, and indices. IG has been known to provide top-notch services to their customers over the past few decades, allowing them to access effective trading tools, an economic calendar, market analysis, daily news, an intuitive trading platform, educational resources and other vital resources.
Platforms
90
Usability
78
Assets
91
Users rating38 Votes
73
Pros Broker
Low spreads
Thousands of markets
Guaranteed stop losses
Highly regulated broker
Cons Broker
Limited payment methods
No copy or social trading platform
High inactivity fees
Low leverage for UK and EU traders
86
Overall Broker Rating
Visit Broker

Review of the company

IG Markets began operating in 1974. The founder of the Company was Stuart Wheeler, an English financier and politician representing the interests of conservatives. IG Markets is an integral part of the powerful IG US LLC holding. Very often, IG Markets is called IG US LLC. IG US LLC has been trading since its inception.

The trading specificity of IG US LLC was the trading of price difference contracts and distribution of IG Index rates. The name is an abbreviation of the words “Investors Gold Index”. Thanks to the gold index trade, traders conducted trading deals, offering gold prices instead of buying physical precious metals. In 2001, IG Group shares were listed on the London Stock Exchange. Since 2003, IG has been providing customers with online trading.

Many analysts in the financial world are confident that the activities of the broker IG Markets are a mirror image of the identity of Stuart Wheeler, the creator of a large financial holding company and an incredibly gambling player. IG Markets was organized as a bookmaker, which allows customers to bet on the outcome of trading in financial markets.

Mocatta and Goldsmid are involved in the hedging of IG Forex client bets. Together with the leaders of these enterprises, Wheeler plays bridge. It is well known that the emergence of retail in Forex was influenced by the activities of the legendary Stuart Wheeler.

Features of trading

IG Holding’s offices are located in 15 countries in all corners of the globe. The company’s website and support service provide Forex trading in 10 languages. Registration on the IG Markets brokerage platform is standard. It is possible to replenish the account in euros, US dollars or British pounds, using a bank transfer or using payment cards. For beginner forex traders, demo platforms are provided, which are allowed to be used for two weeks. This is the well-studied MetaTrader 4, PureDeal, L2 Dealer.

One of the most popular trading tools of IG Markets customers is currency pairs, energy, precious metals, cryptocurrency. The number of currency pairs is 61, including exotic ones. For lovers of hot trading is provided with the holding of CFD-contracts and financial bets. Forex trading time for IG Markets customers is GMT.

The financial activities of a global giant broker are regulated by CFTC / NFA, National Futures Association of the United States of America, under number 0509630. In case of minor violations, the broker’s most insignificant fines are $250 thousand.

The second important regulator of IG Markets is FCA, the UK coordinating and regulatory center for financial enterprises and brokers. The license number obtained from the FCA (Financial Conduct Authority) is 195355.

Financial regulators from the United States of America and Great Britain exercise control and supervision over all financial structures, including those related to Forex. Another broker regulatory status is ASIC, a well-known Australian oversight body. The name ASIC stands for Australian Securities and Investments Commission, the Australian Securities and Investments Commission.

Types of trading accounts

There are 3 types of trading accounts on the brokerage platform. These are Standard, ECN, Standard (US). Each of the presented accounts has features of Forex trading and is intended for customers with various financial capabilities.

The minimum amount for trading on the Standard account is $1. The minimum transaction size is 0.1 lot. The minimum spread per euro / dollar is 0.6 pips.

The minimum ECN account at the IG brokerage site is $50,000. A minimum transaction of 0.1 lot is possible. The minimum spread for currency pairs is 0.8 pips. There is a commission for a one-way transaction, at $3. Trading tools for ECN users are currency pairs, gold and silver, black gold, CFDs, financial bets and cryptocurrencies. IG broker trades in major currency pairs and exotic ones. There are 61 units. ECN trading is carried out on the MetaTrader 4, Pure Deal, L2 Dealer platform.

The minimum account size for Standard (US) is $100. A minimum deal of 0.01 lots is available. The minimum spread for the main currency pair is 0.8 pips. Standard (US) users can trade using all Forex tools. Trading operations for Standard (US) are carried out online on MetaTrader 4. The stop-out level is 50%.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.